44 Form 48A – Subscriber to lodge statutory declaration

Form 48A − Subscriber to lodge statutory declaration

Form 48A combines the requirements found in both Section 16(3A) and Section 123(4) of the Act.

Form 48A fulfils the requirement that subscribers of the company must lodge a statutory declaration with the Registrar.
Section 16(A) of the Act states that every promoter of a proposed company who is a natural person shall before the incorporation of the company make and lodge with the Registrar and the Official Receiver a statutory declaration in the form prescribed by regulations that he will not be acting in contravention of Sections 125 and 130.

Section 123(4) of the Act further states that every person shall before he/she is appointed a director of a company make and lodge with the Registrar and the Official Receiver a statutory declaration in the form prescribed by regulations that he will not be acting in contravention of Sections 125 and 130 and that he consents to act as a director of the company.